AMRC, BIGC, GOGO, GPS, NNOX, WKHS, WRTC -- Stock Charts to Watch

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AMRC, BIGC, GOGO, GPS, NNOX, WKHS, WRTC -- Stock Charts to Watch

Charts of the Day video for Tuesday August 25th, 2020

Ameresco, Inc. (AMRC) popped dramatically on Tuesday, and jumped 3.03, or 10%, to 34.20, with a session high of 34.86, on 1 million shares traded. That’s good volume for that stock. It broke out across a triple top. At this point, I’m looking for mid-channel challenge around 39-40.

BigCommerce Holdings, Inc. (BIGC), a fairly new issue, on Tuesday popped, pulled back down in a falling wedge, then took off and ran up 28.04, or 37%, to 104.09, with a session and new all-time high of 104.85, on 14 million shares traded, and gained another 4.75 in after-hours. Look at the angle of ascent reaching 109.95. It looks like it has more to go as well.

Gogo Inc. (GOGO) on Tuesday popped 83 cents, or 22%, to 4.54, with a session high of 4.58, on 8.5 million shares traded. It broke out of an ascending bull wedge and looks like an additional upside move may occur, getting it to the 5 1/2 range, and perhaps as high as 6 1/2.

The Gap, Inc. (GPS) broke out at key resistance on Tuesday, taking a flag out with the volume increasing to 29.6 million shares traded, jumping 1.61, or 10%, to 17.11, with a session high of 19.86, and an additional 26 cents in after-hours. Much more of a big resistance comes in here. So, that’s the target around 19-20.

Nano-X Imaging Ltd. (NNOX), a recent IPO, on Tuesday ran 2.20, or 8 1/4%, to 28.90, with a session high of 30.50, on 2.8 million shares traded. On a 5-minute chart, it coiled, popped, coiled, and looks like it may want to pop again. I think this stock isn’t done yet. I’m looking for a move that takes it upwards of 33-34. That’s my target.

Workhorse Group Inc. (WKHS) had a really big run-up, formed a bull coil, and broke out on Tuesday, moving up 1.78, or 11%, to 18.20, with a session high of 18.26, on 29 million shares traded.

Wrap Technologies, Inc. (WRTC) looks like it came out of a falling wedge-type pattern on Tuesday and popped 1.02, or 13%, to 8.77, with a session high of 9.15, on 2.5 million shares traded. The next target is 10 1/4 and 11. There may be additional resistance, but if it gets through that level, it should retest the highs at 14 1/2.

On the long side, stocks included Advanced Micro Devices, Inc. (AMD), Amgen Inc. (AMGN), Ameresco, Inc. (AMRC), AXT, Inc. (AXTI), BigCommerce Holdings, Inc. (BIGC), Compugen Ltd. (CGEN), DraftKings Inc. (DKNG), Fluidigm Corporation (FLDM), Gogo Inc. (GOGO), The Gap, Inc. (GPS), Li Auto Inc. (LI), Neonode Inc. (NEON), NIO Inc. (NIO), Niu Technologies (NIU), Nano-X Imaging Ltd. (NNOX), Spartan Energy Acquisition Corp. (SPAQ), Workhorse Group Inc. (WKHS), and Wrap Technologies, Inc. (WRTC).